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Axis Bank shares faced a steep decline on Wednesday, falling over 6% due to worries about potential increase in funding costs, a likely drop in net interest margin (NIM), and ongoing challenges with deposit growth. These concerns cast doubt on the bank's ambitious loan growth targets for FY24 and FY25.
Axis Bank Q3 results: Axis Bank's net interest margin (NIM), a key measure of profitability for lenders, came in at 4.01 per cent for the quarter ended December, as against 4.11 per cent for the July-September period.
Mon, Nov 12, 2018
Fixed Deposit Rates: HDFC Bank, Punjab National Bank (PNB) and Canara Bank recently revised their interest rates.
Mon, Nov 05, 2018
Shares of Axis Bank Monday rose over 2 per cent after the company reported a 83 per cent jump in its net profit for the quarter ending September.
Sat, Nov 03, 2018
SBI vs HDFC vs Axis vs ICICI Bank vs PNB daily ATM withdrawal limits: Every bank has set a different limit based on the type of the debit card.
Fri, Nov 02, 2018
People come and go, but institutions last longer if built right, is how Shikha Sharma, the outgoing managing director and chief executive of Axis Bank, described her forthcoming departure from the institution that she helped grow.
A Bloomberg poll of analysts had predicted Axis Bank's net profit at Rs 759 crore in Q2FY19.
The Bank’s Net Interest Income (NII) grew 15% to Rs 5,232 crores during Q2FY19 as against Rs 4,540 crores a year ago same period.
Mon, Oct 29, 2018
The reason behind the rise of Axis Bank stock was due to execution stake in commodity services provider NSDL.
Sun, Oct 28, 2018
SBI, ICICI, Axis, HDFC, BoB, Yes Bank have made mobile banking very easy and these bank customers can transfer and receive money anywhere they are, but they must keep dangers away or they may face big monetary setbacks.
Sat, Oct 27, 2018
Airfare deals: You can get discounts up to Rs 25,000 on flight booking if you do it with internet banking, debit and credit cards as well as UPI payments of ICICI Bank, State Bank of India, Axis Bank and HDFC Bank
Fri, Oct 26, 2018
Indian citizens are being trapped throughfake SBI, ICICI, IOB, Axis, BoB, Citibank apps, a survey shows.
Wed, Oct 24, 2018
Account and credit card details of thousands of customers of seven banks may be at risk, if a report by an IT security firm is to be believed.
Mon, Oct 22, 2018
Credit Card Cash Withdrawal charge: Looking for quick cash? You might be tempted to use your credit card at a nearby bank ATM. Doing this can be okay when you are in an emergency kind of situation. Not always.
Tue, Oct 16, 2018
Often we see people asking for help from strangers at ATMs. Sometimes they even end up exposing their PIN, without even noticing. Trying to take help from strangers may, however, go horribly wrong as this woman experienced in Mumbai a few months ago.
Amid speculations that the ongoing tussle with fintech companies like Mastercard and Visa with the Reserve Bank of India (RBI) over data localisation issue may hit users, reports suggest otherwise.
Mon, Oct 15, 2018
Has your ATM or Debit card stopped working? Scores of bank customers visiting ATMs these days get surprised when they fail to withdraw cash.
Sun, Oct 14, 2018
Do you still use bank cheque books to make payments? Then know that there is a threat to your money if you make a number of these mistakes.
Sat, Oct 13, 2018
If you are an SBI customer, you must link your mobile number with the bank by December 1, 2018. Failing to do so, you will lose access to your internet banking account
Tue, Oct 09, 2018
ATM Cash Withdrawal Limit: Come October 31 and the State Bank of India (SBI) customers will not be able to withdraw as much cash from ATMs as they have been till now.
Sat, Oct 06, 2018
India was planning to raise 70 billion rupees ($950 million) by selling 4 percent of its stake in Axis Bank by early November, the newspaper reported, adding that a delay would be a setback for the government in meeting its divestment target for the year.
The State Bank of India will limit cash withdrawals from ATMs to Rs 20,000 per day for certain cardholders from October 31.
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